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The Constitution of Liberty (1960) is a classic of economic philosophy. As one of the seminal texts of modern liberalism, it reminds us of the values of individual freedom, limited government, and universal principles of law. First published in the 1960s, it contends that social progress depends on the free market rather than on socialist planning. This work remains relevant in an age where socialist ideas are gaining new popularity.

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Economic Facts and Fallacies (2008) takes some common assumptions about economics and politics and reveals them as fallacies. It’s only by facing uncomfortable truths, the book argues, that we can begin to solve the problems in front of us.

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Capitalism, Socialism and Democracy (1942) is a seminal work of economics. Its ideas have proven prophetic, and remain relevant to this day. It claims that capitalism will ultimately be eroded by the very processes that define it. It also explains the differences between capitalism and socialism and their relationship to democracy, and helps readers understand the role of entrepreneurship and creative destruction in modern capitalism.

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The Narrow Corridor (2019) weaves together a rich tapestry from disparate parts of history to answer the question: Why do some countries achieve liberty while others do not? From the ancient city of Uruk to Revolutionary America, from 1950s China to modern-day Argentina, it examines the conditions that enable governments and citizens to thrive as one –⁠ and the consequences when this fails to occur.

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Noise (2021) is an exploration into the chaotic and costly role that randomness plays in human judgment. By uncovering the mechanisms behind how our minds and societies work, the authors show how noise – unwanted variability in decisions – is both inescapable and elusive. We can, however, with a few solid strategies, make our judgments less noisy and our world fairer.

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A Little History of Economics (2017) is a whistle-stop tour of the major questions posed by economists through the centuries, from Aristotle to Thomas Piketty. It examines questions of inequality, selfishness, and the role government should play in economies.

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How to Be an Anticapitalist in the 21st Century (2019) is both a moral critique of capitalism and a pragmatic strategy guide to building an alternative economic system. Drawing from Erik Olin Wright’s four decades of work in sociology, it provides a nuanced account of why democratic socialism is both possible and desirable.

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The Economists’ Hour (2019) is a compact history of how economists came to dominate our political discourse. This work traces the rise of neoliberal ideology from the 1960s to today.

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Licence to be Bad (2019) explains how in the past 50 years a small handful of economists has drastically changed the way we think about the subject. Ideas including game theory, public choice theory, and free-riding have worked their way into our minds and our discourse, apparently permitting us to behave badly.

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Evil Geniuses (2020) describes the rise of the economic right after the 1960s and the consequences of their policies today. From Milton Friedman to Ronald Reagan, it looks at the significance of some of the right’s central figures while also sketching a broader narrative that explains how the US has ended up as it has today.

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